‘Do it yourself’ Archive

Incorporating a Sec 25 Company August 28, 2010 No Comments

Incorporating a Sec 25 CompanyRegistration procedure
An application in form 1A is to be made to the Registrar of Companies along with a fee of Rs. 500/- Desired names for the organization in the order of preference are to be mentioned in the application form. Normally, the Registrar inform about the availability of the name within [...]

How to Register with Excise? July 3, 2010 No Comments

How to Register with Excise?What is Excise?
An excise or excise tax (sometimes called a duty of excise or a special tax) may be defined broadly as an inland tax on the production for sale; or sale, of a specific good (Goods specifically identified at the time a contract of sale is made) or narrowly as [...]

How to verify your T.D.S credits? June 30, 2010 No Comments

How to verify your T.D.S credits?You can now view your Form 26AS (Taxes paid) at ITR e-Filing website, without any additional login. To view the tax statement:

login in to www.incometaxindiaefiling.gov.in with their login
click on “My Accounts” -> “View Tax Credit Statement (Form 26AS)”.
Here, you should select the “assessment year”, confirm your “date of birth” [...]

How to Register with Service Tax? June 29, 2010 1 Comment

How to Register with Service Tax?What is Service Tax?
Service tax is an indirect tax levied under the Finance Act, 1994, [...]

3 Considerations before you buy your house! June 28, 2010 No Comments

3 Considerations before you buy your house!Buying a house offers a lot of Tax Advantages, make sure you dont miss out on them.
1. Before you buy
If you [...]

How to handle your first job? No Comments

How to handle your first job?Now that you’ve entered the full-time workforce, you’ll enjoy getting steady paychecks, [...]

How to plan your marriage? No Comments

How to plan your marriage?Apart from all the excitement it brings, Getting married is the biggest plan of your life. A plan which would decide what your remaining life would look like. Once you narrow in on your wedding plans, you would do well to understand its tax implications. [...]

Save Large Non-Filing Penalties. Act today! June 26, 2010 No Comments

Save Large Non-Filing Penalties. Act today!The ministry of company affairs has come out with a Fee waiver scheme.This is a great opportunity for companies who have failed to file their annual returns with the Registrar of Companies to make their default good by filing belated documents.
Brief of the scheme
The Ministry has introduced the following [...]

Its time to get your Books of Accounts in Order! No Comments

Its time to get your Books of Accounts in Order!Come July, you might be asked to file your tax returns and submit financials to ROC and Investors. For some of you, you might have all your accounts finished / unfinished in excel and tally. Now it’s time to put your accounts and supporting bills together [...]

What can happen if you fail to deduct taxes at Source (T.D.S) No Comments

What can happen if you fail to deduct taxes at Source (T.D.S)The Revenue authorities have asked most of us to deduct taxes at source on certain payments at specified rates and remit into government revenue. If you happen to make any of these payments, you are expected to:

Apply for a TAN

Deduct tax at prescribed rates
Remit [...]